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Morris County, NJ · Sold

NJ-454957

6352 County Road 357

$164,100
$22,634/ac · 7.25 ac
Acreage7.25 ac
Price per acre$22,634/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesOff grid
TopographyWooded
ListedNov 5, 2023
Coordinates40.9063, -74.4524
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County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Morris County, New Jersey. Pinelands restrictions keep supply extremely tight.

View Morris market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
45
Moderate risk
Wetlands11.3% of tract

Little to no mapped wetland coverage.

Average slope5.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power8,174 ft away

A long utility run — price in solar/off-grid instead.

Buildable area6.11 of 7.25 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$148,984
$123,249$174,720 · $20,550/ac on 7.25 ac
Asking vs estimate
+10.1%
Priced above the comp set

Weighted from 9 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $164,100
Maximum allowable offer
$85,134
$11,743/ac · +30.0% target margin

You need $78,966 off asking to hit this margin.

All-in cost$92,370
Net resale$137,065
Projected profit$44,695
ROI+48.4%
Annualized+69.2%
Break-even resale$13,849/ac
Profit if resale lands off target
-20%
$17,282
-10%
$30,988
0%
$44,695
+10%
$58,402
+20%
$72,108
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-434544
Dirt · Power at road
5.4Jan 14, 2025$144,90026,93018,9894.2 mi
75
NJ-415494
Dirt · Power at road
10.7Mar 13, 2025$362,80033,90724,8489.8 mi
71
NJ-205322
Dirt · Power at road
9.4Apr 26, 2025$251,00026,56319,1817.9 mi
71
NJ-495732
Landlocked · Off grid
12.7Nov 19, 2024$251,30019,75822,1517.9 mi
68
NJ-975723
Gravel · Power at road
12.6Dec 20, 2024$401,70031,80920,5305.3 mi
65
NJ-296666
Gravel · Full utilities
25.0Aug 9, 2025$1,188,00047,48126,5751.2 mi
64
NJ-465662
Paved · Off grid
12.1Nov 28, 2023$382,60031,65021,1319.0 mi
63
NJ-383533
Gravel · Power at road
2.6Jul 3, 2025$63,00024,30514,0937.0 mi
61
NJ-676138
Dirt · Off grid
17.1Jul 16, 2024$309,30018,11916,7929.4 mi
60
Show adjustment detail for the top comp
  • Tract size (5.38 ac → 7.25 ac)-1.6%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (19 mo)+6.7%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.